PALO ALTO, Calif.--(BUSINESS WIRE)--Aug. 28, 2006--Agilent
Technologies Inc. (NYSE:A) today announced it has completed the
acquisition of Xpedion Design Systems, a privately held company that
provides software for wireless and high-speed digital circuit and
systems design in the communications industry. Financial details were
not disclosed.
Xpedion's and Agilent's combined technologies are used by
virtually all key companies designing RFICs. Agilent is recognized as
the leader in RF design and simulation, with proven breadth and depth.
By adding Xpedion's products to its portfolio, Agilent will increase
its emphasis on design verification and Design for Manufacturing
(DFM), giving customers an indispensable design flow covering RFIC
design, design verification and DFM.
"With Xpedion's employees now part of Agilent, our combined
organization will continue to listen to customer needs and drive
innovation to address the challenges in the ever more complex RFIC
market," said Jim McGillivary, vice president and general manager of
Agilent's EEsof EDA division.
"Increasingly, analog IC designers are struggling to accurately
characterize their designs prior to tape out," said Paul Pickering,
GoldenGate marketing manager at Agilent. "Xpedion's technology will
enable Agilent to expand the solutions for verification analysis and
address many of the deficiencies experienced when designers depend
solely on time domain analysis. More simply put, we deliver the
valuable simulation that is critical to getting high-frequency chips
to market."
GoldenGate is Xpedion's flagship product, which enables RFIC
designers to analyze their designs at the transistor level faster and
more accurately. The GoldenGate R&D team is continuing work in the
next release of the product, which is on schedule for early calendar
2007.
"Our first priority is to make this transition as seamless as
possible for Xpedion's customers," said Neil Martin, marketing manager
for Agilent's EEsof Division.
About Agilent Technologies
Agilent Technologies Inc. (NYSE:A) is the world's premier
measurement company and a technology leader in communications,
electronics, life sciences and chemical analysis. The company's 20,000
employees serve customers in more than 110 countries. Agilent had net
revenue of $5.1 billion in fiscal year 2005. Information about Agilent
is available on the Web at www.agilent.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined
in the Securities Exchange Act of 1934 and is subject to the safe
harbors created therein. The forward-looking statements contained
herein include, but are not limited to, information regarding
Agilent's design verification and DFM business and design flow
covering RFIC design, design verification and DFM, the combined
product portfolio of Agilent and Xpedion following the closing, the
ability of Agilent to address changes in the marketplace, the ability
of Agilent to expand the solutions for verification analysis and the
timing of the next product release. These forward-looking statements
involve risks and uncertainties that could cause Agilent's results to
differ materially from management's current expectations. Such risks
and uncertainties include, but are not limited to, risks associated
with changes in demand for Agilent's and Xpedion's products and risks
associated with the development generally of Agilent's overall
strategic objectives.
In addition, other risks that Agilent faces in running its
operations include the ability to execute successfully through
business cycles; ongoing competitive, pricing and gross margin
pressures; the impact of geopolitical uncertainties on our markets and
our ability to conduct business; the ability to improve asset
performance to adapt to changes in demand; the ability to successfully
introduce new products at the right time, price and mix and other
risks detailed in Agilent's filings with the Securities and Exchange
Commission, including our Quarterly Report on Form 10-Q for the period
ended April 30, 2006, and our Annual Report on Form 10-K for the
period ended Oct. 31, 2005. Forward-looking statements are based on
the beliefs and assumptions of Agilent's management and on currently
available information. Agilent undertakes no responsibility to
publicly update or revise any forward-looking statement.
NOTE TO EDITORS: Further technology, corporate citizenship and
executive news is available on the Agilent news site at
www.agilent.com/go/news.
CONTACT: Agilent Corporate
Michele Drake, 650-752-5296
michele_drake@agilent.com
or
Agilent
Janet Smith, 970-679-5397
janet_smith@agilent.com
SOURCE: Agilent Technologies Inc.